GBP/USD trades near recent highs with a bullish pennant forming, as markets await key UK data and Trump’s Liberation Day tariff announcement.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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EUR/USD is gaining momentum with a bullish cup and handle pattern as traders anticipate a potential breakout despite looming US-EU trade tensions.
The EUR/USD went into this weekend above the 1.08000 level with a rather comfortable looking price near the 1.08217 ratio, but looks can be deceiving and day traders need to understand volatile trading is still ahead.
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It was a quiet week in the Forex market, with stocks sinking on continuing trade war concerns, while commodity markets were dominated by Gold breaking to new record high prices.
The 70.000 USD price was tested by WTI Crude Oil on Wednesday of this past week, but was followed by lower values and a return to a known range while showing some nervousness.
Weekly market analysis for EUR/JPY, USD/CAD, DAX, Bitcoin, and more. Key trends and forecasts to guide your trading decisions.
EUR/USD rebounded sharply on Thursday, signaling underlying strength as it tests the 1.08 level, driven by rising German yields and easing tariff fears.
USD/MXN climbed on Thursday as new U.S. auto tariffs weighed on the Mexican peso, pushing the pair toward key resistance at the 50-day EMA.
The US dollar rallied against the Canadian dollar on Thursday as tariff tensions mounted, with traders favoring range-bound dip buying ahead of key April 2 events.
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Gold surged on Thursday, nearing all-time highs as global risk sentiment boosts safe-haven demand, with traders targeting further upside toward $3125 or even $3300.
WTI crude oil rebounded from key support on Thursday, with buyers stepping in near the 50-day EMA amid seasonal demand and renewed growth optimism.
The USD/CHF pair remains choppy as the dollar tests key resistance near 0.8850, with markets reacting to US interest rates and global tariff uncertainty.
The euro advanced against the Japanese yen on Thursday, rebounding from key support near 162 as traders target the 165 resistance zone amid bullish momentum.
The British pound strengthened against the Swiss franc, buoyed by risk appetite and yield advantage, with traders eyeing a potential breakout above 1.15.
Silver rallied above $34 on Thursday, fueled by risk-off sentiment and strong momentum, with bulls now targeting a breakout toward the $35 level.